NVDA Gains 2.2% as MANGOS Rebranding Renews AI Chip Enthusiasm

Nvidia shares climbed to $204.88 Friday, buoyed by Wall Street's embrace of the 'MANGOS' tech grouping that places the chipmaker at the center of the AI infrastructure trade alongside Meta, Alphabet, and OpenAI. Options activity reinforces the constructive tone, with a call-to-put ratio of 46.65 signaling aggressive bullish positioning despite a cluster of deep in-the-money puts at the $270–$280 range expiring June 18 that may reflect institutional hedges or spread legs rather than outright bearish conviction. With volume topping 109 million shares — well above average — the $210–$215 resistance band is the immediate level to watch as traders gauge whether momentum can close the gap toward the $236.54 52-week high. Broadcom's post-earnings selloff serves as a cautionary reminder that AI names require execution, not just narrative, to sustain gains.